My habit is to understand the basics before exploring a new concept.
The celebrity effect is especially pronounced with meme coins, since they inherently lack other valuation benchmarks.
People who enter at the peak of the hype tend to pay the highest prices, while early entrants often take that opportunity to sell.
$DOGE has seen several sharp, short-term swings after celebrities posted on social media.
Have you ever been caught out by something like this? Share your experience to help others stay alert.